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Full-Time

VP Product

Core Products

Posted on 6/14/2024

Greenlight

Greenlight

51-200 employees

Financial app for family money management

Fintech

Compensation Overview

$210k - $290kAnnually

+ Bonus + Equity Rewards

Expert

Remote in USA

Category
Product Management
Product Strategy
Product
Required Skills
Communications
Requirements
  • 10+ years of product management experience.
  • Prior experience in leading fintech products like Earn, Save, Invest, Debit and Credit.
  • Highly technical, including experience and comfort with technical decision making and tradeoffs in partnership with Engineering.
  • Deep experience and track record of success in building and growing products that have high user engagement.
  • Highly collaborative and capable of managing large, complex, cross-functional projects.
  • Strong communication skills and the ability to work cross-functionally to align stakeholders on the goals and behaviors required for success.
  • Experience working in regulated industries that requires coordination across functional areas including legal and compliance.
  • Bachelor’s degree in STEM required and Master’s in engineering/business would be a plus.
  • Experience managing vendor relationships is also a plus.
Responsibilities
  • Lead a team of Product Directors and Managers focused on driving engagement on the existing product portfolio, as well as conceiving, building, and launching new capabilities aligned with Greenlight’s longer term mission and growth objectives.
  • Partner with cross functional stakeholders to design and set the strategy and roadmaps for Greenlight’s core products.
  • Communicate progress, value, and blockers to the wider business, including executive leadership.
  • Manage, coach and grow a team of product managers enabling their ultimate success.
  • Build strong product development processes that enable efficient teams and innovative products.
  • Ensure teams are successfully managing their priorities, backlogs, requirements, and shipping incremental enhancements to Greenlight families.
  • Provide Product Operations support, which can include off hour work to support any urgent issues.

Greenlight offers a money management app designed for families, focusing on teaching kids and teens about financial responsibility. The app features a debit card for children, allowing parents to manage allowances linked to chores or direct deposits. It promotes saving by offering up to 5% interest on savings and helps families set financial goals. Additionally, Greenlight provides an investing platform where users can explore stocks and ETFs to grow their wealth over time. The company also has a credit card that gives families up to 3% cash back on purchases, which can be invested for future expenses like college. Unlike many competitors, Greenlight emphasizes financial education and parental control, enabling teens to build credit before adulthood. The goal of Greenlight is to empower families to manage their finances effectively while fostering a strong understanding of saving, investing, and responsible spending.

Company Stage

Series D

Total Funding

$560.5M

Headquarters

Atlanta, Georgia

Founded

2014

Growth & Insights
Headcount

6 month growth

-2%

1 year growth

14%

2 year growth

10%
Simplify Jobs

Simplify's Take

What believers are saying

  • Greenlight's recent $260M Series D funding round, led by Andreessen Horowitz, significantly boosts its financial stability and growth potential.
  • The launch of new products like the credit card for parents and the Investing for Parents platform demonstrates Greenlight's commitment to continuous innovation and expanding its market reach.
  • With a valuation of $2.3 billion and a focus on financial education, Greenlight is well-positioned to become a leader in the family-focused fintech space.

What critics are saying

  • The niche focus on family financial education may limit Greenlight's market size compared to broader fintech solutions.
  • High competition in the fintech sector could pressure Greenlight to continuously innovate, which may strain resources and affect profitability.

What makes Greenlight unique

  • Greenlight uniquely targets the family unit, offering financial education tools specifically designed for both parents and children, unlike broader fintech solutions.
  • Their debit and credit card offerings are integrated with educational features, such as chore-based allowances and investment options, which are not commonly found in traditional banking products.
  • Greenlight's subscription-based model for premium services like Greenlight Max and Infinity provides a steady revenue stream while offering value-added features that enhance financial literacy and wealth-building.

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Benefits

Medical, dental, vision and FSAs

Unlimited, flexible time off

Generous employer 401(k) match and equity

16-week paid parental leave

Ongoing learning and development

Remote-friendly work environment

INACTIVE